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cliff, are you saying you would rather go over the fiscal cliff than vote for tax hikes? do you think it's going to get past the house? >> i don't know if it will pass the house. and the president seems intransigent. he seemed put off on having to be back in washington, d.c. off his hawaiian vacation. but at the end of the day i think there'll be some washington deal that will raise taxes at a level that won't help jobs. the president didn't want to do the spending cuts side and just raise taxes. and that is just a deal. it's not a solution in my book. >> where do woe go from here, mya, to get what you would want as a solution? what next? >> i do think this is a lost opportunity on two fronts. that we're not replacing the fiscal cliff with a big comprehensive debt deal that would actually fix the problem. and it's a lost opportunity that we seem to be back in washington the same old finger pointing and blame game. and right after the election, i really was hopeful that members of congress would be able to come together and work out these hard issues. we're not there yet, but the fight's
into this meeting coming up on sunday night and what he thinks about the odds of avoiding the fiscal cliff. that should be very interesting coming up. >> before the break, let's check out what this ceo from milwaukee thinks about the impending fiscal crisis. >> my name is rich moussen. i'm the president and ceo of badger meters. we have about 1,400 employees around the world. the fiscal cliff is scary and should be scary. another recession. higher unemployment. economic slowdown. tax money taken out of the economy. those are major concerns. we're going to have to react as a business and it could result in cutbacks. the fiscal cliff was meant to be something that nobody wanted to go anywhere near, and here we are about to go off it. we really need our elected officials to figure this out. come up with a reasonable compromise that keeps our economy growing and gives us some certain about the future so we can make our plans as business leaders. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generatio
are meeting at the white house as they work on last-minute negotiations to try to avoid the fiscal cliff. our eamon javers also reported just moments ago that treasury secretary timothy geithner is at the meeting as well. we're going to monitor that situation for you, and, of course, bring you all the latest developments on that. in the meantime, oil is up for the week, but ending on a down note today. cnbc's bertha coombs is at the center of all the action at the nymex. >> reporter: we're seeing oil back fractionally positive at this hour with thoseeadl crossing, but overall it was a somewhat down day after we got a disappointing report from the eia inventories delayed because of the christmas holiday. it was a smaller than expected drawdown in crude stocks, and also notable. we saw a $2 million barrel build when it came to crude stocks at the nymex hub in oklahoma. now at a record 49 million barrels to end the year. ironically we do have wti nymex up for the week, and it's actually been up for the last three weeks. part of the reason, we're seeing a number of funds and traders moving out of
to get our fiscal house in order, are you of like mind how you feel about this? >> i'd like to avoid going over the cliff. i do concur with mr. greenspan that i think this fiscal cliff is a classic, washington, dysfunctional manufactured crisis. we created this. the bigger cliff is the fact that this country is broke. we're beyond $16 trillion in debt and unless we get serious and get our hands around that our kids and our grand kids will never recover. >> congressman, what are you looking for? you said you're unlikely to support a deal made by the president and speaker boehner. so what is it that you want that you're not getting? >> what i won't do maria is vote for any tax increases on small business, on any american. we've already voted in the house to extend the bush tax rates for every american. we've done that twice. in the senate, they've voted to extend the bush tax rates for people below $250,000. i can't support that, but why not bring both bills up before the house and see which one the house and the senate will support? >> but with such a stringent attitude, i mean, you'r
enough yet? >> not yet, not yet. got the fiscal cliff issues which you've talked about a lot here. >> yes, we have. >> jobs coming out on friday. morgan stanley looking for 185,000. basically the housing market, you had the case schiller numbers today. it's looking a little bit better. you got that in the plus column.
Search Results 0 to 4 of about 5